June 27, 2011

Portland Real Estate - May 2011 by RMLS Area

Here is more numbers from last months Portland real estate market update.  The first list shows how each of the designated RMLS areas stacked up against each other.  They are listed from highest average sales price to lowest.

Portland Metro Area Real Estate Market Data by RMLS Area

Area YTD Avg.
Sale Price
YTD Median
Sale Price
12-Mo. Change Total Mkt
Time*
Lake Oswego / West Linn $401,600 $355,000 -11.5% 147
West Portland & Downtown $385,500 $329,900 -0.7% 196
NW Washington County $345,500 $315,000 -1.5% 110
Tigard / Tualatin / Sherwood / Wilsonville $277,700 $258,900 -5.1% 137
Northeast Portland $271,100 $228,000 -0.9% 107
Milwaukie / Clackamas $237,700 $218,700 -8.6% 147
Oregon City / Canby $224,000 $209,900 -11.7% 178
North Portland $212,600 $205,000 -6.5% 108
Southeast Portland $207,200 $172,000 -5.3% 116
Beaverton / Aloha $204,800 $189,000 -6.5% 143
Hillsboro / Forest Grove $198,600 $183,800 -10.7% 148
Gresham / Troutdale $194,900 $171,000 -6.9% 172
Yamhill County $181,800 $165,000 -5.6% 140
Columbia County $164,100 $149,900 -11.3% 202

Portland Real Estate Market Data for May 2011

  May 2011 Last Month -
April 2011
Last Year -
May 2010
Median Sale Price $220,000 $219,900 $239,900
Average Sale Price $262,400 $267,300 $275,500
Closed Sales 1,742 1,611 2,050
Pending Sales 2,167 2,005 1,493
New Listings 3,348 3,099 3,482
Active Listings 11,825 11,621 14,372
Distress Sales 38% 37% 24%
Total Market Time * 145 days 153 days 123 days
Inventory (in months) 6.8 7.2 7.0

 

 

Rich Peralta is a real estate professional in the Portland Metro Area, including Lake Oswego, Tualatin and  West Linn Real Estate. He can be reached at 503.961.2181 or by e-mail at rich.peralta@exprealty.com Contact him  for more information on Portland,  Lake Oswego or West Linn Real Estate! Originally posted on West Linn Real Estate.

Share This Post
Please enable Javascript to comment on this blog

Sites We Follow